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Avalanche

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

The Avalanche protocol was released by an anonymous group called Team Rocket in May of 2018. It was then developed by a group of Cornell researchers led by Emin Gun Sirer, who is now the founder and CEO of Ava Labs. 

The Avalanche Mainnet was launched in September 2020, when it also issued its native $AVAX token. 

Avalanche is an open, programmable smart contracts platform built to enable the launch of decentralized applications that are scalable and secure. 

Avalanche is designed with an emphasis on interoperability, meaning its infrastructure could be utilized by a multitude of blockchains that use $AVAX as the underlying token. 

$AVAX has a capped supply of 720 million tokens. The rate at which the maximum cap is reached is subject to governance of token holders. 360 million tokens were supplied at the genesis block, while the remaining 360 million are minted over time. 

Avalanche has gained traction with decentralized finance applications due to its high speeds and low costs. Total value locked (TVL) on the Avalanche ecosystem exceeds $13 billion as of Nov. 2021. It crossed $1 billion for the first time in late August 2021.


Avalanche's top DeFi protocols by TVL are Aave and Trader Joe. TVL represents the amount of assets being staked on a certain protocol.

The latest price analysis by Coinidol.com report, Avalanche (AVAX) has failed to break above the $55 resistance level.

AVAX Continues Its Slide And Returns To Its $24 Low

Internet Computer also fell 3.7%, joining Avalanche as a top underperformer.

CoinDesk 20 Performance Update: AVAX Declines 3.7% as Index Trades Lower

Digital assets manager CoinShares says institutional investors poured a record $3.2 billion into crypto investment vehicles last week. In its latest Digital Asset Fund Flows report, CoinShares says that last week, institutional crypto investment products saw net inflows that brought yearly flows to $44.5 billion, a new record.

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

The much-anticipated Avalanche9000 upgrade introduces improvements that make it cheaper and easier to launch “subnet” blockchains.

Anticipated Avalanche9000 upgrade goes live, reducing costs and making it easier to launch Avalanche subnets

The technical changes are designed to attract developers to the ecosystem and let them create their own customized blockchains, known as subnets.

Avalanche Blockchain's Largest-Ever Upgrade, 'Avalanche9000,' Is Live

The price of Avalanche (AVAX) has continued its uptrend and recovered above the 21-day SMA support.

﻿Avalanche Recovers And Rises Above $50 Again

Ethereum (ETH) rival Avalanche (AVAX) has raised $250,000,000 from a locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital. According to a new announcement, Avalanche says that more than 40 companies participated in the sale, including SkyBridge, Hivemind and Morgan Creek Digital.

Layer-1 Blockchain Avalanche (AVAX) Announces $250,000,000 Token Sale Ahead of Upcoming Upgrade

Avalanche announced the recent closure of a $250 million token sale that will support the upcoming launch of Avalanche9000. This major upgrade aims to turn Avalanche into a swarm of interconnected L1s.

Avalanche Closes $250 Million Token Sale Ahead of Upcoming Avalanche9000 Upgrade

The sale follows shortly after the Avalanche9000 upgrade went live in a testnet environment.

Avalanche Raises $250M Amid Major Overhaul of Layer-1 Blockchain

More than 40 venture capital firms pitched in to help Avalanche Foundation raise $250 million ahead of its major "9,000" network upgrade.

Avalanche Raises $250 Million in Token Sale Ahead of Major Network Upgrade

The investment will support the Avalanche9000 upgrade, currently in testnet, designed to reduce blockchain deployment and transaction costs.

Avalanche raises $250 million locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital

Uplink is a decentralized internet connectivity platform, allowing users to share their existing internet and incentivizing new internet deployment in under connected areas.

Uplink launches as first DePIN on Layer 1 blockchain Avalanche

Ethereum rival Avalanche has $3 billion in capital in its treasury but that isn't stopping the blockchain platform from fundraising amid recent crypto euphoria.

Despite Being Flush, Avalanche Raises $250 Million From Galaxy And Others

Haun Ventures and Dragonfly Capital have co-led a $9 million funding round for Commonware, a startup building "state-of-the-art" tools.

Former Ava Labs engineering lead raises $9 million to build ‘anti-framework' blockchain developer tools

The price of Avalanche (AVAX) has continued to rise after a recent downtrend. The bullish momentum peaked at $55 and started to falter below the recent high.

Avalanche Is In A Range As Traders Are Uncertain About The Next Move

Ethereum

A widely followed crypto analyst says that three prominent altcoins including Ethereum (ETH) look primed to skyrocket.

Ethereum, Avalanche and One Additional Altcoin Holding Supports and Gearing Up for More Moves: Rekt Capital

Dogecoin

Polkadot

A widely followed analyst is leaning bullish on layer-1 blockchain Avalanche (AVAX) while offering his forecast for the flagship memecoin Dogecoin (DOGE) and interoperable chain Polkadot (DOT). The analyst pseudonymously known as Rekt Capital tells his 518,000 followers on the social media platform X that Avalanche witnessed a strong November.

Analyst Sees Avalanche (AVAX) Printing Bullish Technical Pattern, Updates Outlook on Polkadot and Dogecoin

Avalanche (CRYPTO: AVAX) is seeing bullish momentum, fueled by strong fundamentals and optimistic community sentiment. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Avalanche (CRYPTO: AVAX) $50.36 $20.6 billion +2.9% +19.3% Solana (CRYPTO: SOL) $224.32 $106.6 billion -1.1% -3.2% BNB (CRYPTO: BNB) $647.03 $93.2 billion +0.4% +4.5% Trader Notes: Pseudonymous crypto trader Kaleo predicts a "God candle" to push AVAX beyond $100 this December.

AVAX Surges 120% In A Month: Is Avalanche Building Up To A 'God Candle' To $100?

Avant, a crypto yield protocol developer similar to Ethena Labs, said it has raised $6.5 million in a seed funding round.

Avant, Ethena-like DeFi protocol, raises $6.5 million in seed funding

The Avalanche Foundation will disburse $40 million in retroactive grants as the new upgrade hits testnet ahead of a planned 2025 launch.

Avalanche Testing '9,000' Upgrade With $40 Million in Retroactive Grants

Also launching Monday is Retro9000, a grant program of $40 million to reward builders developing Layer 1 blockchains and other tools on the Avalanche9000 testnet.

Avalanche9000 launches on testnet, over $40 million offered in retroactive rewards

Avalanche's largest upgrade to date, Avalanche9000, went live on testnet Monday. The upgrade is designed to cut costs of sending transactions and operating validators, making it easier to build apps on the network.

Avalanche Blockchain's Largest-Ever Upgrade Goes Live on Testnet

The price of Avalanche (AVAX) has risen to a high of $45.07, continuing its uptrend. Cryptocurrency price analysis brought by Coinidol.com.

AVAX Holds Above $40 And Continues Its Upward Trend

Widely followed crypto trader Rekt Capital says that Ethereum (ETH) rival Avalanche (AVAX) is positioning itself for another big rally to new price targets. Rekt Capital tells his 514,000 followers on the social media platform X that AVAX has turned the $38.

Trader Says Avalanche (AVAX) Setting Up for Massive Rally, Updates Outlook on Dogecoin (DOGE)

Bitcoin

Cardano

Algorand

Stellar

Dogecoin hit its highest price in over a week, but other altcoins are seeing massive gains as Bitcoin approaches the $100,000 milestone.

News for Avalanche Crypto (AVAX)